TATACONSUM trade ideas
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Bullish on tata consumerMID TERM ANALYSIS
stock has given a breakout and yesterday it had a retest with a good long wick that shows there are buyers .
stock has tested resistance level of 770 levels now its time to break that level and reach the target of 820 levels
INTRADAY
stock is in under a falling wedge look for a good oppourtunity
fibbonacci sup 0.50
TATACONSUNSE:TATACONSUM
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TATA Consumer coming back into the demand zone Tata Consumer a high of 889 last year corrected till 650 and is bouncing again. Entry can be taken in Tata Consumer after closing above 774 closing for the targets of 790 and 802 and 833. Keep a stop loss at closing below 650. Tata Consumer is a long term investment idea. Downside in this stock is high valuation of PE around 89.4. It is a company with low debt with strong cash generation ability.
TATA CONSUMER TATA CONSUMER squeezing in the zone and can give a breakout in the coming daily sessions.
Watch out for this stock for a good profit opportunity.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.